Franchise is just a type of business.  In a weak economy as we now have, there are good businesses and poor businesses.  The same goes for franchises, some do very well and others poorly in a slower market.  (more…)

The holiday season is partially over.  Some people have gone back to work but others are waiting for New Years.  You want to buy a business but do not have any new leads.  It is not easy to find a business. You (more…)

The banking system has changed significantly over the last few months.  It is harder and harder to obtain financing.  All banks say that they are looking for new credit but how many are actually writing deals.  The (more…)

The holiday season is here and the economy is slowing down.  In prior years, investors do not look to buy a business from December 15 to January 15.  Just before the holiday season, most investors and bankers are (more…)

The easiest way to find a new adviser is by word of mouth.  Do not discard advertisements that you see.  You need to look for several specific qualities 1) you must be able to get along  with them 2) they must (more…)

Many businesses for sale hope that they will have one good year and will wait until the annual financial statements are prepared.  Remember, in good times, typically you look at 3 years earnings and average the (more…)

Many people are listing their businesses on www.thebusinessplace.com website and hiding their identity.  There are two reasons for them not to reveal their identity 1)confidentiality and 2) if you publish your email (more…)

Before you list your company for sale you will need to get your affairs in order.  Here is a list which is not all inclusive but is a start of what you need to do: (more…)

I have seen so many owners try to save money by not using a lawyer and accountant.  A client came to me and mentioned that they had a great deal, paid no rent, was given full access to space and office in a third (more…)

The economy is changing very quickly, banks are not lending as much money, less companies are providing sources of financing.  The business world is changing, revenue has been declining for many companies, (more…)